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9th Annual PMEA Golf Tournament unfolds March 13
by Philippine Resources - March 08, 2020
9th Annual PMEA Golf Tournament unfolds March 13.
The Philippine Mining and Exploration Association (PMEA) will stage its 9th Annual Golf Tournament on March 13 at the Orchard Golf and Country Club in Dasmariñas City, Cavite.
Listing is ongoing with entry fee pegged at P3,900, inclusive of a Nike golf shirt, green fee, shared golf cart use, meals, and raffle entry.
On-course registration will begin at 6 a.m. followed by the shotgun tee off at 8 a.m.
For registration and sponsorship inquiries, email firstname.lastname@example.org or call 09209522084.
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Philippine Resources - November 05, 2019
New ‘Coal in Asia’ segment to be launched at the 6th Mining Investment Asia Conference in Singapore
Mining Investment Asia (https://www.mininginvestmentasia.com/), South East Asia’s largest mining conference and exhibition showcasing South East Asia’s mining sector to an international audience of investors and various mining stakeholders, is scheduled to return to Singapore from 17 - 19 March 2020. For this 6th edition, a brand new full day segment entitled ‘Coal in Asia’ will be launched on 17 March to complement the event’s current focus on mining financing, technology and gender diversity. Why Coal in Asia? Coal is a dominant fuel in the rapidly growing economies of South East Asia even amidst a global move towards clean energy. Within the Asian region, India, China and Indonesia play major roles both as consumers and producers of coal. Hence, ‘Coal in Asia’ seeks to focus on what lies ahead for coal in the region and the key drivers for transformation. Major national and private coal mining companies are confirming their participation, with key stakeholders such as Indonesia Coal Mining Association (APBI-ICMA) already supporting this event. Latest speakers Speakers who have come onboard to be a part of Mining Investment Asia 2020 include: Robin Lee, CEO & Founder, Hello Gold (Malaysia) (First time speaker at this event) Raymond Liu, Founding Partner, Havelock Mining Investment (China) (First time speaker at this event) Thao Dh Ngo, Group Executive Chairman, First Indochina Group (Vietnam) Edward Gustely, Managing Director, Penida Capital (Indonesia) Michel Labrousse, Managing Partner, Mazarin Capital (Hong Kong)Hendra Sinadia, Executive Director, Indonesia Coal Mining Association (Indonesia) Cindy Teoh, Associate Editor - Investments, Golden Equator Capital (Singapore) Thomas Puppendahl, Chief Investment Officer, Chancery Asset Management (Singapore) Jayant Bhandari, Mining and Institutional Investor Expert, Anarcho Capital Inc (Canada) Over the past 5 years, the high quality of the speakers assembled at this event has provided insightful regional and international perspectives, leading to Mining Investment Asia being recognised as the leading event in the region for global companies and individuals who wish to understand what makes South East Asia mining industry tick and to meet the key players in this region. Testimonials from past participants Feedback from past attendees have consistently highlighted both the high quality of the speakers and the attendees. In addition, what makes Mining Investment Asia special to them include: Great networking opportunities High level discussions Opportunity to understand and meet the relevant decision makers from the South East Asia mining industry. Constance Tan, Principal Consultant, Alvito Capital Holding (Singapore) opined that ‘When I speak to other delegates here, they agree that it has been a useful forum for them to ask questions and meet like-minded people in the same industry over meals and networking drinks. Overall Mining Investment Asia is a formal yet informal event with plenty of interaction for future collaboration’. Charmaine Olea Capili, Executive Director, Philippine Nickel Mining Association said that ‘It is a big leap for us coming here as an Association as it is the first we are coming out here in South East Asia. We are very excited as it is an opportunity for us to share globally what we have done in our country and our best practices’. Dato Aminudin Hashim, CEO of Menteri Besar Inc, a government body tasked to drive growth in the Malaysian state of Perak, highlighted that ‘Mining Investment Asia is a great event. A good event depends not only on the content but the quality of the attendees. I got to meet many senior players in the industry, from the mining, policy and the financing industry. It is a great meeting of minds from the mining sector here in Singapore’. Spaces are still available for sponsors, exhibitors and delegates who wish to be a part of Mining Investment Asia. Enquiries can be sent to Jarred via email at email@example.com or phone at +65 6717 6017. More information can be found at the event website: https://www.mininginvestmentasia.com/ Background on Spire Events Spire Events is a Singapore based events company specialising in mining & energy conferences and expos. Mining Investment Asia is part of the global Mining Investment Conference Series that spans across various locations in Asia, Africa, Europe, Latin and North America and the Middle East. Spire Events also organises the MiningTech Conference Series which focuses on technology in mining and they are held in Chile, South Africa and Brazil. Besides conferences, Spire Events also organises large scale mining and energy expos in Africa, namely Mauritania, DRC, Sierra Leone and Botswana. The full calendar of events can be found at www.spire-events.com
Philippine Resources - October 09, 2019
Usec. Bayani H. Agabin and Mark Cojuangco at the PMC Luncheon | 25th October 2019
Usec. Bayani H. Agabin and Mark Cojuangco at the PMC Luncheon | 25th October 2019Come and join the 200+ attendees!Mr. Bayani H. Agabin is currently the Undersecretary of the Department of Finace of the Republic of the Philippines. He is also the Focal Person and Chair of PH-EITI.Topic:“Forging New Frontiers” Fifth PH-EITI Report (Philippine | Extractive Industries Transparency Initiative)Mr. Mark O. Cojuangco served as the Representative of the 5th Congressional District Of the Province of Pangasinan from 2001 to 2010. He focused on infrastructure projects, believing that quality and not just the quantity of projects, are the catalyst for economic development.During his incumbency as a Member of the Lower House of Congress, he was elected Senior Vice-Chairman of the House Committee on Appropriations, a position he held for six consecutive years.Topic: Assessing the Viability of Nuclear Power in the Philippines: Opportunities, Challenges and IssuesTime: Registration starts - 11:00AM | Program starts - 12:15 noon sharp | Ends - Approx. 2:30-3:00PMDate: Friday | 25th October 2019 Venue: I'M Hotel | 5F Narra Ballroom | corner Makati Ave. and Kalayaan ave. (Plenty of basement parking)Attire: Smart CasualCost: Php 1,800 pre-paid before the event | Php 2,000 at the door | Php 1,600 Diwata members (inclusive of Lunch and Refreshments) *** Bookings not cancelled 3 business days before the event will be billed at full cost ***
Philippine Resources - March 10, 2020
Worldbex Services International Announces Postponement of WORLDBEX and MIAS 2020
In response to the government declaring a state of public health emergency throughout the entire Philippines; alongside the recommendations of the Department of Health regarding the imposition of Social Distancing Measures in the National Capital Region, which prohibits mass gatherings and events due to concerns related to COVID-19, Worldbex Services International (WSI) announces its decision to postpone WORLDBEX and MIAS 2020.Worldbex Services International, amidst shows that are set to be held on March 18 to 22, 2020 (25th WORLDBEX) and April 2 to 5, 2020 (16th MIAS), has made this difficult decision after close and careful consultation with its partners and the health authorities in charge, in whom it has full trust for their expertise and recommendations for the benefit of exhibitors, collaborators, and visitors. Following the recent prohibition on mass public gatherings, with direct implications for the trade shows, WSI had no other option than to make this decision.Jill Aithnie Ang, Managing Director of Worldbex Services International stated: “We are deeply saddened to have made the decision to postpone this year’s WORLDBEX and MIAS. Indeed, both of the shows have come to be such instrumental platforms for the local industry to grow and expand their networks across a wide range of trade opportunities. Moreover, this predicament is made all the more challenging in consideration of all the possibilities explored and plans aligned after significant time spent in dialogue with collaborators over the course of the past few months. All this progress is further attested by the impressive number of returning exhibitors and newcomers who were all eager to take part of this journey. As expected, we have been observing promising growth across all sectors in both the construction and design trade as well as in automotive and motoring.Joseph Ang, Founder of Worldbex Services International expressed: “In the past few weeks, I have witnessed the grit and tenacity of all who have been involved in the preparations for our two shows – WORLDBEX and MIAS. From our partners and customers to our stakeholders and very own teams, everyone has tirelessly worked to seek out the most ideal solutions to safeguard the wellbeing of the industries and its subsequent communities. It is in these moments that I am truly convinced of the value of communication and collaboration in conjuring innovative and strategic approaches to address the many issues at hand. At this point, I would like to extend my sincerest gratitude to everyone for their hard work, faith, and commitment to our vision.”In the midst of all this, WSI is putting the health and safety of all attendees, exhibitors, and its employees at the top priority. With the development of the current threat and challenges, the organizer will be on top of this situation and continue working towards realizing its prodigious aspirations for the local trade industries.
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Philippine Resources - November 27, 2022
FNI posts higher nine-month net income of P2.13 billion
Photo credit: Global Ferronickel Holdings Global Ferronickel Holdings, Inc. (FNI), a diversified Filipino company with interests in ferronickel ore mining and processing, logistics and port operations, and cement and steel production, recorded a net income of P2.13 billion in the nine-month period that ended September compared to the P1.86 billion it posted during the same period last year. The results are driven by the Group’s flagship mining project in Surigao del Norte operated by Platinum Group Metals Corporation (PGMC). FNI's revenues on the sale of medium-grade nickel increased on the back of favorable forex rates and higher average realized price, while shipment volumes reel from inclement weather and a lower price for low-grade ore. The sale of nickel ore for the nine-month ended September 30, 2022 slides to 3.150 million wet metric tons (WMT), lower by 1.078 million WMT or 25.5%, compared to 4.228 million WMT of nickel ore in the same period last year. The Group only completed 58 nickel ore shipments against 78 shipments during the same period last year due to erratic weather conditions registering 161 rainy days to 137 last year. The resulting sales mix was 78% low-grade ore and 22% medium-grade ore in 2022 versus the previous period’s blend of 81% low-grade ore and 19% medium-grade ore. Shipments consisted of 2.450 million WMT low-grade nickel ore and 0.700 million WMT medium-grade nickel ore compared to 3.424 million WMT low-grade nickel ore and 0.804 WMT medium-grade nickel ore in the same period in 2021. The average realized nickel ore price for the period ended September 30, 2022 is USD28.89/WMT lower by USD1.89/WMT or 6.1% compared to last year’s USD30.78/WMT. Low-grade ore is USD25.49/WMT lower by USD4.30/WMT or 14.4% against last year’s USD29.79/WMT. On the other hand, medium-grade ore stands at USD40.79/WMT higher by USD5.80/WMT or 16.6% versus last year’s USD34.99/WMT. The average realized Peso over USD exchange rate for the Group’s export revenues is P54.87 compared to P49.22 in the same period last year, higher by P5.65 or 11.5%. “Overall outlook for FNI looks reassuring. With the opening of our Palawan mineral project, we expect healthier returns for our stakeholders. Although weather conditions have not been permissive, we have continued to improve our operations and pursue our expansion plans,” said FNI President Dante R. Bravo. FNI recently disclosed its 20% stake in China's Guangdong Century Tsingshan Nickel Industry Co. Ltd (GCTN) to enhance synergies between FNI with its nickel ore mines and GCTN as an ore processor and provide a steady value-adding enterprise for the Group. As a testament to its growth and core policy to strengthen systems and processes, PGMC has received ISO certifications for its Quality Management System (ISO 9001:2015), Occupational Health and Safety Management System (ISO 45001:2018), and Environmental Management System (ISO 14001:2015) as an Integrated Management System (IMS). The certification applies to all activities in the mining operations of nickeliferous laterite ore and other associated minerals from planning to ore production, hauling, loading and port operations.
Philippine Resources - November 27, 2022
DMCI Mining nets P1.2 billion in 9M
Photo Credit: dmcihouse.net DMCI Mining Corporation saw its net income decline by 17 percent from P1.41 billion to P1.17 billion during the first nine months of the year owing to lower nickel ore shipments and average nickel grade sold. “We expected a severe profit decline because of the depletion of our Berong mine late last year. Fortunately, the bullish nickel market allowed us to ship even the low-grade inventory of Berong,” said DMCI Mining president Tulsi Das C. Reyes. “Strong nickel prices and local currency weakness also moderated the impact of lower shipments on our bottom line,” he added. For the third quarter alone, net income tumbled by 56 percent from P181 million to P80 million due to the combined effect of lower shipment (-50%), flattish nickel grade sold (-1%), higher selling prices (+31%) and favorable average foreign exchange rates (+10%). Total shipments declined at a slower pace from January to September as the Berong mine did better than expected in the first half. Consequently, nickel ore shipments only fell by 25 percent from 1.45 million wet metric tons (WMT) to 1.09 million WMT. Despite a 4-percent decrease in average nickel grade sold from 1.38% to 1.33%, DMCI Mining posted a 16- percent improvement in nine-month average selling price from US$43 to US$50. Magnifying the impact of higher selling prices was a 10-percent increase in foreign exchange rates from US$ 1:Php 49 to US$ 1:Php 53. At the end of September, total inventory plummeted by 76 percent from 450,000 WMT to 109,000 WMT, mostly (81%) coming from Zambales. Article courtesy of the Philippine Stock Exchange
Philippine Resources - November 27, 2022
E-vehicle boom opens new opportunities for PH mining
Developing the electric vehicle (EV) industry is opening new opportunities for the Philippine mining sector, a company executive said Wednesday. In a media roundtable, DMCI Mining president Tulsi Das Reyes said the e-vehicle sector has provided new opportunities for the mining industry and his company is keen to take part in this development. He described that mining became a "sunset business" before the growth of the e-vehicle industry. "Prior to the EV boom, stainless steel was going nuts, and they don't have capacity already for the stainless steel market. And China is the only growth for stainless steel, all other countries in the world (are) slowing down," Reyes said. He said the growing demand for e-vehicles globally has offered a "fresh light" for the mining business. Nickel is a component for e-vehicle batteries. "Without EVs (e-vehicles), we would (have) ended so many other niche market(s). So it was a huge impact," Reyes added. In the recent foreign business missions of the Department of Trade and Industry (DTI) in the United States, South Korea and Japan, companies from these countries expressed their interest in the Philippine e-vehicle industry, including manufacturing batteries for electric cars. Part of the DTI's Make It Happen in the Philippines campaign is to attract investments for integrated mineral processing to have value-added activities in the mining industry instead of exporting minerals as raw materials. Reyes said DMCI Mining is in talks with possible foreign partners to explore opportunities for integrated mineral processing here, including Indonesian and Chinese partners, but this will require adequate infrastructure in place and support from the government. Meanwhile, DMCI Mining net income in January to September this year declined by 17 percent to PHP1.17 billion from PHP1.41 billion in the same period last year. The lower profit for the first nine months of 2022 was mainly due to decline in shipment. "Strong nickel prices and local currency weakness also moderated the impact of lower shipments on our bottom line," Reyes said. Article courtesy of the Philippine News Agency
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